Month: November 2015

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Role of price mechanism in full utilization of productive resources in free enterprise economy Explain the role of “Price mechanism” in assuring proper allocation and full utilization of productive resources in free enterprise economy. Ans) Price mechanism refers to the process of price determination by the interaction between demand and supply forces without any external […]

Microeconomics- Business Decision making a)Explain the role of microeconomics in business decision making. Ans) The role of microeconomics in business decision making can be explained as under: 1) Opt

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